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Feb 22, 2013
02/13
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CSPAN2
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the economy was nowhere near as bad as the one barack obama inherited. he was doing so many things at once. he accomplished an incredible amount of stuff. but one result of that was it was very hard for the american electorate to see all of these things popping up. like with good health care reform have to do with getting people back to work. the answer is not anything really. it was a good thing to do in its own right. and so you have people watching this burst of activity and not really perceiving the job that the obama administration presented as a much worse things that we could've had. if i have talked to already, i thank you. let me stop there and see what other questions we have. matt. [inaudible conversations] >> thank you. >> we will take some questions. >> this is a bit of a town meeting. if you are comfortable saying your name, please do. please line up at the microphone and please ask a brief question as opposed to a long speech. >> my question is people were blamed for lack of personal responsibility, but the banks are in a position to see w
the economy was nowhere near as bad as the one barack obama inherited. he was doing so many things at once. he accomplished an incredible amount of stuff. but one result of that was it was very hard for the american electorate to see all of these things popping up. like with good health care reform have to do with getting people back to work. the answer is not anything really. it was a good thing to do in its own right. and so you have people watching this burst of activity and not really...
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Feb 24, 2013
02/13
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CSPAN2
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eye 74
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back in the real economy, though, the debt rate of u.s. households was only slightly above where it had been previous limit 17% to 15% at previous peaks. everybody looked at this as debt to income ratio. that's not the real thing to look at. i it's debt to service income ratio. i think this crisis did not need to happen if banks were transparent, regulators had shown some forebearance. that being said, the guys that made the big mistakes in the banks are still there the guys that ran goldman sachs and bet the bank on aig-are still there if they was indonesia or korea or mexico, they would have been removed. >> i agree with almost everything you said. let me take the parts i don't agree with. first of all, as i -- a previous questioner asked, the mortgages that the banks were holding -- the mortgages -- were not mark to market. were not mark to market for that reason. basically everything else you said was correct, and the thing i would like to add -- especially the fact that this crisis could have been avoided. i don't think it's because o
back in the real economy, though, the debt rate of u.s. households was only slightly above where it had been previous limit 17% to 15% at previous peaks. everybody looked at this as debt to income ratio. that's not the real thing to look at. i it's debt to service income ratio. i think this crisis did not need to happen if banks were transparent, regulators had shown some forebearance. that being said, the guys that made the big mistakes in the banks are still there the guys that ran goldman...
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60
Feb 20, 2013
02/13
by
FBC
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eye 60
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and frankly, higher energy prices put a drag on the economy gerri: you bet. we have the higher gas prices for 33 days. does that continue? >> i think it will continue until this administration wakes up and really starts acting as if they are economic illiterates , which i really think is a strong term, but really the problem we have got is high energy prices dampening growth and getting higher electric prices because of a lack of capacity to bring gas and gas products to the east coast. it is not about the environment. there is an anti hydrocarbon bias in this administration. gerri: i have to agree with you on that. we have seen that time and again. certainly seen it with cold. that is for sure, trying to shut that industry altogether. thank you for coming on. great to hear your thoughts. procure time. go right ahead. >> i was going to say, except for coal exports we have shut down the u.s. coal industry domestically. now we are exporting coal to china in record amounts. my presumption is tha china is burning that coal and going into a different atmosphere. g
and frankly, higher energy prices put a drag on the economy gerri: you bet. we have the higher gas prices for 33 days. does that continue? >> i think it will continue until this administration wakes up and really starts acting as if they are economic illiterates , which i really think is a strong term, but really the problem we have got is high energy prices dampening growth and getting higher electric prices because of a lack of capacity to bring gas and gas products to the east coast....
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50
Feb 19, 2013
02/13
by
FBC
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eye 50
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infini possibilities. ♪ gerri: the white house is downplaying this weekend's league immigration plan saying it was only a partial rough draft. a backup plan, a bipartisan group of senators failed to reach a deal on overall immigration. whatever plan washington puts forward to what's going to be the cost to the taxpayers? with more on this, the center for immigration studies and executive director for the hispanic network. i should update you. this afternoon we're getting news that the president's people are talking to the gang of eight about details trying to find common
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infini...
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123
Feb 22, 2013
02/13
by
KRCB
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eye 123
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it says recent market moves reflect the fundamentals of the global economy. imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some concerns aut the falling yen. japan's representatives faced a policy review at the world trade organization in geneva. wto members generally welcomed japan's economic program. they said the policies raised hope japan can recover from the downturn. they also stressed japan should pursue further structural reform, including more trade liberalization. but south korean and chinese representatives expressed concerns over the yen's deappreciation. they said japan could intentionally be driving down the yen for boosting its exports. the japanese delegates explained their monetary easing is
it says recent market moves reflect the fundamentals of the global economy. imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some...
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85
Feb 17, 2013
02/13
by
FOXNEWS
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eye 85
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the desert boom with lush vegetation and trees and marvel to see the nation move from a struggling economy and barely able to equip its soldiers with uniforms and weapons and a center of world class medical care and elicational excellence and free speech and election. with the exception of jordan dictators and mad dogs and malicious mahem surround the country and israel created a true and modern democracy and gave its women the opportunity to vote and lead the radical nations bep hind and sanctioned honor killings and whole steal slaughter of their citizens who dared to peek of of freedom and thought. it is it okay to strap a bomb on a baby and turn it into a human bomb so it kills and maims other people's babies. president is coming to israel as president next i wish he would let me show him around. i brought thousands of people to show them the israel i love and expect. i fear it would be coordinated by the naive politician who think we need tolicature ally israel about expanding neighborhoods and in the land that god deeded to them long before the six day war and obama was born. inted h
the desert boom with lush vegetation and trees and marvel to see the nation move from a struggling economy and barely able to equip its soldiers with uniforms and weapons and a center of world class medical care and elicational excellence and free speech and election. with the exception of jordan dictators and mad dogs and malicious mahem surround the country and israel created a true and modern democracy and gave its women the opportunity to vote and lead the radical nations bep hind and...
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92
Feb 20, 2013
02/13
by
WBAL
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eye 92
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. >> these cuts are not smart, not fair, they will hurt our economy. >> the president wants to replace the cuts with revenue. house speaker john boehner say the revenue debate is closed. >> republicans are uncomfortable with these cuts, but they want to see spending cuts implemented. >> lawmakers are feeling the pinch. >> the american people are expecting us to be serious about this. >> a new deficit reduction plans he by erskine bowles and alan simpson would cut the deficit by $2.40 trillion over 10 years. >> both camps have got to get out of our comfort zone and make tough decisions. >> lawmakers are likely to call or changes to health care and social security and the tax code. at this point, it looks like we will pit the sequestered for a period of time. >> because those cuts which impact federal agencies, airport security lines could get a lot longer. airports across the country will see staffing cuts on march 1 if the federal budget cuts go through a schedule. employees in airport security, customs, and air traffic control would join those in the pentagon taking forced furloughs.
. >> these cuts are not smart, not fair, they will hurt our economy. >> the president wants to replace the cuts with revenue. house speaker john boehner say the revenue debate is closed. >> republicans are uncomfortable with these cuts, but they want to see spending cuts implemented. >> lawmakers are feeling the pinch. >> the american people are expecting us to be serious about this. >> a new deficit reduction plans he by erskine bowles and alan simpson would...
587
587
Feb 20, 2013
02/13
by
CURRENT
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eye 587
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tell me more about the citizens for a sound economy. how long have they been planning this grassroots tea party? >> thanks for having me, cenk. yeah, citizens for a sound economy was a group funded by the coke brothers in the 1980's and in 2002 launched the teaparty.com website, seven years ahead of the popular uprising that we've been led to believe by the tea party was a grassroots community level uprising. in fact, this has been in the works for at least a decade, and in fact as the study shows, back in the 1980's, the tobacco industry and other oil billionaires were plotting this through creating a network of astroturf front groups to represent their interests. as we all know, there's nobody that has less credibility than congress than the oil industry, and tobacco industries, since they were busted for lying to us about the detectiveness of their products, so the citizens for a sound economy ultimately became two grooms poor familiar to people these days, freedom works and americans for prosperity, which is still stared by david ko
tell me more about the citizens for a sound economy. how long have they been planning this grassroots tea party? >> thanks for having me, cenk. yeah, citizens for a sound economy was a group funded by the coke brothers in the 1980's and in 2002 launched the teaparty.com website, seven years ahead of the popular uprising that we've been led to believe by the tea party was a grassroots community level uprising. in fact, this has been in the works for at least a decade, and in fact as the...
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Feb 18, 2013
02/13
by
FOXNEWSW
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eye 91
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ and you'll dump your old mop. but don't worry, he'll find someone else. ♪ who's that lady? ♪ who's that lady? ♪ sexy lady ♪ who's that lady? [ female announcer ] used mops can grow bacteria. swiffer wetjet starts with a clean p every time, and its antibacterial cleaner kills bacteria mops can spread around. swiffer gives cleaning a whole new meaning. ♪ lovely lady >> in 2009 in the gingof hotdogs first term in office the president toured the middle east in europe apologizing for the actions of the administration and america's policies toward tha arab world. >> at times america has showed arrogance and been dismissive. >> the united states starts by
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ and you'll dump your old mop. but don't worry, he'll find someone else. ♪ who's that lady? ♪...
88
88
Feb 20, 2013
02/13
by
FBC
tv
eye 88
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before vesting. lou: i would like to share with you, if i may, and let's see full screen if we can. quotg from the chairman of the senate intelligence committee, senator dianne feinstein reactiting today to this report same as a sobering report on the length to which the u.s. military has needed to pass cyber legislation as on as possible. gordon chang, you are laughing as i said that. what in the world is going on whenur response ise have to pass a law. >> even worse than that, international treaty to ban cyber attacks. the chinese love to sign treaties and agreements, they saw a lot of them from human rights to trade. lou: there is a law against doing this right now. isn't that sufficient? >> that should be. the chinese don't honor any
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before vesting. lou: i would like to share with you, if i may, and let's see full screen if we can. quotg from the chairman of the senate intelligence committee, senator...
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78
Feb 20, 2013
02/13
by
FOXNEWS
tv
eye 78
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in terms of the gross domestic product of our economy this is .03 of -- this is a third of 1%. on the domestic side, 2.5 cents on the dollar. this is a penny-and-a-half on the dollar of reduction. a debt of $16 trillion and the argument today is if we cut a penny-and-a-half on nondefense spending in a year it's the end of the world. if so, we are hopelessly in debt or we will end up -- >> bret: i want to continue the conversation, call a audible to talk about the sequestions ration. and why it's not happening on both sides. the panel continues after the break. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> bret: we are back to continue talking about the sequester. overall the sequester is $85 billion this year. we talk about $3.6 trillion budg
in terms of the gross domestic product of our economy this is .03 of -- this is a third of 1%. on the domestic side, 2.5 cents on the dollar. this is a penny-and-a-half on the dollar of reduction. a debt of $16 trillion and the argument today is if we cut a penny-and-a-half on nondefense spending in a year it's the end of the world. if so, we are hopelessly in debt or we will end up -- >> bret: i want to continue the conversation, call a audible to talk about the sequestions ration. and...
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97
Feb 21, 2013
02/13
by
FBC
tv
eye 97
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this is $85 billion in net of three and half trillion dollar budget in the $16 trillion economy. i would be hard-pressed to explain how cutting 85 billion -- think of it as taking 85 billion out of your allowance of $3,800. eighty-five bucks out. as not going to end things. lou: percentages are, perhaps, the easiest way to comprehend this. 2 percent, you know, is not that significant. on the other hand, it is easy to recall that rat poison is mostly of meal in most cases with 2% poison in it. 2% can be deadly and destructive in some cases determined. go ahead. >> no one should argue this is a good idea. this is, as i was quoted, a bad idea whose time has come because the worse idea is to not deal with the spending. that is the problem. and at least they are agreeing that there not going to do nothing. so it is either do real spending cuts that are real choices and really passed the senate, which we have not seen passed the house. with this. lou: at some point, and i know that you are doing your level best to try to bring rationality into the nation. >> not my fault. lou: i unders
this is $85 billion in net of three and half trillion dollar budget in the $16 trillion economy. i would be hard-pressed to explain how cutting 85 billion -- think of it as taking 85 billion out of your allowance of $3,800. eighty-five bucks out. as not going to end things. lou: percentages are, perhaps, the easiest way to comprehend this. 2 percent, you know, is not that significant. on the other hand, it is easy to recall that rat poison is mostly of meal in most cases with 2% poison in it....
97
97
Feb 22, 2013
02/13
by
FBC
tv
eye 97
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strategically here at the end of the day the economy has to grow. so people can blame the last four years and george w. bush story like this guy, but you know what, things are going to get tougher and tougher for him as he continues to win a little paper cup battles but the economy doesn't grow. lou: congressman, i'm with you to a point. this should b about the national interest. this should be about the nation and the correct leaders and direction for this government. i am afraid that has been lost and all of this. >> this is a president to really could go down in history as one of the best presidents, but he is deciding deliberately not to do that. he could come work with the republicans to make cuts to this government, balance the budget. i think he is campaigning for one thing which is that he wants to win in 2014. when i say when, he was the republicans toe kicked out of the house city can't put nancy pelosi back in a speaker. tactically he can get all these little victories. overall of the economy doesn't grow the american people don't win and
strategically here at the end of the day the economy has to grow. so people can blame the last four years and george w. bush story like this guy, but you know what, things are going to get tougher and tougher for him as he continues to win a little paper cup battles but the economy doesn't grow. lou: congressman, i'm with you to a point. this should b about the national interest. this should be about the nation and the correct leaders and direction for this government. i am afraid that has been...
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191
Feb 21, 2013
02/13
by
WUSA
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eye 191
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. >> what are they saying and what are they saying about the economy? >> looking backward they're saying walmart had a very good christmas. they earned more than expected. they came in light on sales. however, going forward, that's really a question. walmart is considered a bellwether for our economy and what they told us this morning is that the payroll tax cut is impacting consumers. the hike that we saw at the beginning of the year, the 2% hike which takes about $20 out of people's weekly paycheck is hitting the consumer and gasoline prices are up 50 cents in the last month and there's a tell prey knock on the consumer right now because refunds have been delayed. the tax code had to be overhauled as a result of the many of the reforms of last year and they're saying their consumer has been hit by delays in the refund checks, about $20 billion in refund checks didn't go out on time. >> all right. new information. re rebec rebecca, thank you. >>> the obama administration plans fines, penalties, and trade sanctions against any government that sponsors h
. >> what are they saying and what are they saying about the economy? >> looking backward they're saying walmart had a very good christmas. they earned more than expected. they came in light on sales. however, going forward, that's really a question. walmart is considered a bellwether for our economy and what they told us this morning is that the payroll tax cut is impacting consumers. the hike that we saw at the beginning of the year, the 2% hike which takes about $20 out of...
76
76
Feb 17, 2013
02/13
by
FOXNEWS
tv
eye 76
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >> live from america's news headquarterings, i am harris faulkner. the faa in florped is looking into why a small plane. norad reported that the sessnaflew in the temporary restricted space in palm city. f-16s escorted it to a nearby airport. south africa stunned over the rest of the a national hero. prosecutors think it premedicated. oscar pistorius is held pending a bail hearing. they deny charges that he shot reeva stine stein at his home on valentine's day. in three seconds we'll get you back to huckabee. >> last week we showed you how vice-president joe biden promoted gun control in his trip to france. this week he is back and on monday in philadelphia h
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >> live from america's news headquarterings, i am harris faulkner. the faa in florped is...
84
84
Feb 22, 2013
02/13
by
FBC
tv
eye 84
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i should tell you something something anywhere the economy is. neil: i hate shopping so it could be any story, a purgatory. >> things that were there flattening down consumer, were there before the sequester. >> you are right, a lot of noise has been ther. is it a smart strategy, to go ahead, bme the republicans for this and i'm not saying a lot of culpable entities but you, mr. president, you knew this was coming and tucked in that report about the cuts, maybe they had something about the inspectors and eating mr. ed, and hundreds of thousands of mentall ill patients on the streets without their meds, knocking on your door, maybe that was in there. that behooves the issue, what the heck were you going golfing for, and john boehner? thats fair and balanced criticism, if this is a big deal, then why are they up until this week, including this week. absent? >> this is how dc works. they 11 from crises to crisis. neil: whose fault is it. >> everyone's fault, obama presented a sequester plan to avoid it, and republicans within home, and i wish they d
i should tell you something something anywhere the economy is. neil: i hate shopping so it could be any story, a purgatory. >> things that were there flattening down consumer, were there before the sequester. >> you are right, a lot of noise has been ther. is it a smart strategy, to go ahead, bme the republicans for this and i'm not saying a lot of culpable entities but you, mr. president, you knew this was coming and tucked in that report about the cuts, maybe they had something...
95
95
Feb 20, 2013
02/13
by
FBC
tv
eye 95
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where would they rather put hundreds of thousands of jobs and hourl entire economy at riso close loopholes that benefit only the wealthiest americans and corporations. lou: house speaker john boehner reminded the president the house has passed two sequester bills ignored by the democratically controlled senate. one in may, the other in december of last year. republicans have already given mr. obama his tax hikes on the rich. reading just last month the president got higher taxes on the wealthy and already back for more. the american people understand the revenue debate is now closed. and congress is closed as well. the house of representatives and the senate both in recess until next monday leaving the president only four days in which to reach out to congress if there is to be a deal done before sequestration takes effect. democrats led by the white house are opposed to cutting entitlements. even though they make up more than 60% of federal outlay. medicare, medicaid and social security alone take up 45% of the national budget. in the four plus years of the obama presidency, entitlement h
where would they rather put hundreds of thousands of jobs and hourl entire economy at riso close loopholes that benefit only the wealthiest americans and corporations. lou: house speaker john boehner reminded the president the house has passed two sequester bills ignored by the democratically controlled senate. one in may, the other in december of last year. republicans have already given mr. obama his tax hikes on the rich. reading just last month the president got higher taxes on the wealthy...
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Feb 20, 2013
02/13
by
FBC
tv
eye 54
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the economy hasn't collapsed. hopefully that paves way more cuts, smaller government and greeter wealth creation. adam: congressman bartlett best-case scenario what happens? >> the best-case scenario as a result of sequestration we'll eliminate some spending that is doing some good. as a result of that is a congress will get together and pass a long-term budget that will begin to balance itself and to get us out of the fiscal cliff. adam: mattie you get the last word. what is the reality neither worst case or best case but what will we be talking about monday, march 3rd? >> worst case or best case we're in a position government is spending too much money. we need lawmakers to agree we get spending under control. adam: i should have said monday march 4th. thanks for joining us here on melissa francis's program "money". i'm sure we'll talk about sequestration now till the end of the deadline. we'll shift gears. a "money" update on a story that will make you want to slam down the phone on government waste. an investi
the economy hasn't collapsed. hopefully that paves way more cuts, smaller government and greeter wealth creation. adam: congressman bartlett best-case scenario what happens? >> the best-case scenario as a result of sequestration we'll eliminate some spending that is doing some good. as a result of that is a congress will get together and pass a long-term budget that will begin to balance itself and to get us out of the fiscal cliff. adam: mattie you get the last word. what is the reality...
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164
Feb 21, 2013
02/13
by
CNBC
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eye 164
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we're not taking money out of the economy. 're letting it stay in the pockets of hard-working americans. we are -- we are giving them the opportunity to save billions of dollars that they can put to work in their home -- >> i think problem republicans have -- i think the problem they have right now and the polls are supportive of this, they see the president coming forward with a compromise. he's saying i want tax increases too where the other side is saying, no, just spending cuts and at least the way that's playing with the public is one guy, the president's willing to compromise, the other folks are stone walling. and that's why i think the risk lays probably more with republicans for the blame. >> let me ask you one more here. do you think the media, first of all, understands it was obama's idea in the first place? will they ever acknowledge that? >> one, i don't think they care. they really don't care about looking at those things. look, and to get what your guest just said a minute ago. that's true if republicans allow i
we're not taking money out of the economy. 're letting it stay in the pockets of hard-working americans. we are -- we are giving them the opportunity to save billions of dollars that they can put to work in their home -- >> i think problem republicans have -- i think the problem they have right now and the polls are supportive of this, they see the president coming forward with a compromise. he's saying i want tax increases too where the other side is saying, no, just spending cuts and at...
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148
Feb 20, 2013
02/13
by
WBAL
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eye 148
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and that's going to trickle down into the economy. now that announcement comes one day after president obama called on congress to act. >>> vice president joe biden is offering up advice on the best way to defend yourself in you with a firearm. in a facebook meeting tuesday, biden talked about the white house efforts to restrict the size of ammunition clips and other proposals. during that chashgts biden said the best thing foreprotection is a shotgun. >> put that double-barrel shotgun and fire two blasts outside the house. i promise you, whoever is coming in is not going to -- you don't need an ar-15. it's harder to aim. it's harder to use. and in fact, you don't need 30 rounds to protect yourself. buy a shotgun. >> buy a shotgun. all right. biden said he keeps two shotguns locked up at home and he's told his wife jill to use them if necessary. >>> he's been considered for a big new job but marine general allen said he's retiring. general allen just completed 19 months as top commander in afghanistan, but instead of taking the new jo
and that's going to trickle down into the economy. now that announcement comes one day after president obama called on congress to act. >>> vice president joe biden is offering up advice on the best way to defend yourself in you with a firearm. in a facebook meeting tuesday, biden talked about the white house efforts to restrict the size of ammunition clips and other proposals. during that chashgts biden said the best thing foreprotection is a shotgun. >> put that double-barrel...
147
147
Feb 20, 2013
02/13
by
FOXNEWSW
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eye 147
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lotteries are part of the state economies and people are doing everything online now. heck, you do it in the middle of the show or on commercial break. i think it hurts businesses and it may hurt casinos if atlantic city and new jersey. people should be able to do whatever they want in their own home. the worry i have is people will start doing this and they will get in big trouble because it may be easier in their home and the states rely on the revenue to keep spending. that is not the way to do it. new york is relying on people to light up and smoke because of the cigarette taxes. not the best way to go about it. >> bob: dana, you are at the track every day betting. >> dana: i am a big gambler. i don't know how you hide it online for the states. there are no boundaries on the state. i'm sure they figure that out. in some ways the legislators need to be for what is going to happen. online gambling is here to stay, so they might as well hop aboard a train. >> greg: i gamble with my day. in the old days you went to vegas, saw show, saw glamour and hired something now.
lotteries are part of the state economies and people are doing everything online now. heck, you do it in the middle of the show or on commercial break. i think it hurts businesses and it may hurt casinos if atlantic city and new jersey. people should be able to do whatever they want in their own home. the worry i have is people will start doing this and they will get in big trouble because it may be easier in their home and the states rely on the revenue to keep spending. that is not the way to...
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Feb 21, 2013
02/13
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how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy. here's what those fed minutes revealed: "many" policymakers voiced concerns about "potential costs and risks" from more bond buying. others said that the easy-money policies might encourage "excessive risk-taking" and that could have "adverse consequences for financial stability" policymakers also noted positive developments in the economy, as more businesses are optimistic about the economic outlook. nervousness about the fed's next moves pulled down stocks: the
how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy....
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Feb 18, 2013
02/13
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i mean, you talk about the economy and jobs. there is, obviously, debate how many jobs have actually been created in the economy. look. you pointed out to apple ceo, tim cook was in the audience in the state of the union. he is sitting on over 171 million dollars in cash at apple. why? because uncertainty in the marketplace. tom friedman writing this morning something that caught my eye. he said you can feel the economy wants to launch but washington is sitting on the national mute button. we the people feel like the children of permanently divorcing parents. how does this sequestered business end? the president said during the campaign the sequester, the word for automatic spending cuts, he said it would not happen. is it going to happen? >> i always read tom friedman he has that good minnesota sensibility. >> you guys stick together. >> we do. the column today i think is continuation of that. frankly, i believe it's a continuation of exactly the plan the president laid out in detail in the state of the union on tuesday night.
i mean, you talk about the economy and jobs. there is, obviously, debate how many jobs have actually been created in the economy. look. you pointed out to apple ceo, tim cook was in the audience in the state of the union. he is sitting on over 171 million dollars in cash at apple. why? because uncertainty in the marketplace. tom friedman writing this morning something that caught my eye. he said you can feel the economy wants to launch but washington is sitting on the national mute button. we...
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Feb 23, 2013
02/13
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economy ep billion a year . we are already bleeding. >> doesn't the united states walk a fine line given the fact that we borrowed money from chin a. >> that really doesn't give them leverage balse . way the gloible markets work. the chinese since 2008 talked about the nuclear that is selling treasury obligation but they don't do it because it doesn't work. >> this is it a matter of the really first importance for the united states. >> it is a serious issue. gordon chang thank you for your insight. >> thank you, uma. nasa mars drover pulled out a drill and goes to work on the red planetas rock . bringing 3 d technology to a 4,000 mummy. fascinating look when america's news headquarters continues. don't miss this, folkings. stay with us. . for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit ches with mobi
economy ep billion a year . we are already bleeding. >> doesn't the united states walk a fine line given the fact that we borrowed money from chin a. >> that really doesn't give them leverage balse . way the gloible markets work. the chinese since 2008 talked about the nuclear that is selling treasury obligation but they don't do it because it doesn't work. >> this is it a matter of the really first importance for the united states. >> it is a serious issue. gordon chang...
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Feb 20, 2013
02/13
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and you can also say, okay, is it helping the economy, because we're worried about that? the answer, absolutely yes. you heard the president quote the statistic about the genome project that every dollar returned $140 in terms of economic growth in the first few years after the project was completed. that's a pretty darn good return on the government's investment. and let's be clear-- the kind of science we're talkin talking abh this brain activity map, this would not happen in the private sector alone. there's no direct product here that anybody would see as a reason to invest if you're a stockholder, but it will be something that industry will want to follow closely and build upon. it's that wonderful partnership between public and private, emerging here in a new way, with a new horizon in front of it. >> suarez: a partnership between public and private. why shouldn't it be just private? there's such a tremendous potential return, why isn't private sector rushing to get ahead of you to do this kind of work? >> well, because, ray, the turnaround, the time it takes for th
and you can also say, okay, is it helping the economy, because we're worried about that? the answer, absolutely yes. you heard the president quote the statistic about the genome project that every dollar returned $140 in terms of economic growth in the first few years after the project was completed. that's a pretty darn good return on the government's investment. and let's be clear-- the kind of science we're talkin talking abh this brain activity map, this would not happen in the private...
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Feb 20, 2013
02/13
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walmart is freaking out about the economy, should the rest of us? let's bring in "washington post" economic policy correspondent jim. should the rest of us freak out? >> maybe, there's two possible stories, one is that walmart is seeing is very bad for the rest of the economy. and that's the story like this. consumers weren't expecting a big payroll tax hike to hit them in january and started to notice it when the paychecks were lighter than expected in the first half of the month, seconds half of the month. they pulled way back on spending in february. there's going to be some of that effect going on. obviously most economists think the payroll tax hike will chill growth in some way. the question is, will consumers adjust and is it sort of a one time deal? the other story though, walmart tends do do very well in recessions because they are such a retailer that caters to the lower end of the economic spectrum. they've stocked cheap products. it's possible if people are doing better now they are moving to slightly more expensive rivals of walmart lik
walmart is freaking out about the economy, should the rest of us? let's bring in "washington post" economic policy correspondent jim. should the rest of us freak out? >> maybe, there's two possible stories, one is that walmart is seeing is very bad for the rest of the economy. and that's the story like this. consumers weren't expecting a big payroll tax hike to hit them in january and started to notice it when the paychecks were lighter than expected in the first half of the...
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Feb 22, 2013
02/13
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japan used to be the most powerful economy in the region but china has grown, a lot of it is due to the help that japan has given it. but now china feels that its day has returned. >> and in fact it surpassed japan just in economic test. >> that's right. and it is now building up a military capable which is still interior to that of japan. and definitely inper-- inferior to that of the united states but they feel now that china can't be pushed aroundment and they want to assert themselves. and so when their territorial interests are being challenged, then they push very hard. the other reason is-- . >> warner: were you talking about japan or china. >> china. >> warner: and what about japan? >> then japan feels that it is on the defensive. that if it does not show kind of firmness and resolve, then it invites further intimidation and bullying on the part of china. so even though the intrendic interests of these islands may be marchial by giving in to chinese intimidation, they feel then that that is kind of rewards that bullying on the part of china. >> warner: there s of course, these u
japan used to be the most powerful economy in the region but china has grown, a lot of it is due to the help that japan has given it. but now china feels that its day has returned. >> and in fact it surpassed japan just in economic test. >> that's right. and it is now building up a military capable which is still interior to that of japan. and definitely inper-- inferior to that of the united states but they feel now that china can't be pushed aroundment and they want to assert...
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Feb 22, 2013
02/13
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the economy i think could be harmed. they estimate 1 hadn't 2 million jobs and that will impact the employment rate. even if you said forget what ray lahood is saying about the long lines at the airport, what does it matter it has consequence on the larger effect on the economy struggling to gape recovery. >> bret: what about fred's point of the public assessment of the sky is falling out of washington and that there is a glazing over. they have heard it a lot. >> the notion wegone crisis to crisis has effect on that. not much changed. at who point do you have impact? the white house is counting on it having impact it puts republicaputpressure on republi. >> so much error, so little time. we are talking about minuscule amount of the economy that will throw us in a recession. this will have some epect the washington area. because they will be furloughed of people working for the federal government. but washington area prospered as the rest of the country suffered. people have done well. it will cause the most disruption.
the economy i think could be harmed. they estimate 1 hadn't 2 million jobs and that will impact the employment rate. even if you said forget what ray lahood is saying about the long lines at the airport, what does it matter it has consequence on the larger effect on the economy struggling to gape recovery. >> bret: what about fred's point of the public assessment of the sky is falling out of washington and that there is a glazing over. they have heard it a lot. >> the notion wegone...
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Feb 23, 2013
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does the economy have enough kick in it to withstand the sequester? and a big win for activist investor david einhorn in his fight to get apple to share the wealth, with its shareholders. that and more tonight on "n.b.r."! if you get a paycheck, no doubt you have seen it shrink this year. higher payroll taxes have taken 2% out of working americans take home pay. at the same time, gasoline prices have been rising and fast. together, this cuts into the spending power of consumers, and that's bad news for a host of companies, from restaurants to retailers. erika miller reports on how some of these firms are trying to fight back against the pay pinch. >> reporter: virtually every worker in america is taking home 2% less in pay this year because of higher payroll taxes. that's not just bad for consumers, it's also bad for businesses. three out of four households are cutting spending to cope with lower pay. for one out of three households, it means eating out less. consumers are also changing where they dine. >> we are moving from casual dining, down to fas
does the economy have enough kick in it to withstand the sequester? and a big win for activist investor david einhorn in his fight to get apple to share the wealth, with its shareholders. that and more tonight on "n.b.r."! if you get a paycheck, no doubt you have seen it shrink this year. higher payroll taxes have taken 2% out of working americans take home pay. at the same time, gasoline prices have been rising and fast. together, this cuts into the spending power of consumers, and...
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Feb 20, 2013
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not abstraction. >> sean: the cuts are not fair, they're going to hurt the economy, what the president didn't mention, the sequester, that was his idea in the first place. >> the man who literally wrote about the book about the budget battle. whose idea was the sequester and did you ever think we had he' get to this point? >> first, it was the white house. it was obama and neighbors went to the democratic leader and harry reid and said this is the solution. >> sean: there you have it the plan that the president is calling not smart, not fair, was actually his solution to quote, saving the economy. again, that's not what we heard today at the white house, what we heard was our commander campaigner in chief reverting back into election mode and blaming republicans and using pathetic scare tactics to smear the opposition. sound familiar? you've heard the fear mongering, what i'm about to play is only desc
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not abstraction. >> sean: the cuts are not fair, they're going to hurt the economy, what the president didn't mention, the sequester, that was his idea in the first place. >> the man who literally wrote about the book about the budget battle. whose idea was the sequester and did you ever think we had he' get to this point? >> first, it was the white house. it was...
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Feb 19, 2013
02/13
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and remember, the spin stops here, and we're dlooking out fo >> and tonight as the american economy burns, i am happy to report that president barack obama successfully completed his 116th round of golf since taking the oath for office and accomplished that that earlier today vacationing in florida on your dime and do so as we speak, more than 12 million americans are looking for work. there are 47 million families dependent on stood stamps, the national debt is a staggering 16 1/2 trillion dollars, 6 of which president obama tacked on by his lonesome. while he's busy working on his golf game, the march sequestration deadline is closer and closer 1.2 trillion in cuts will penalize our pentagon. and the round of golf played one day after our commander-in-chief found time in his busy schedule to hit the links with none other than serial philanderer tiger woods. and the first lady is taking advantage of the tax dollars, on a ski trip in colorado. as far as the outing with president obama and the world famous golfer don't expect to see any video, the white house prohibited from covering the a
and remember, the spin stops here, and we're dlooking out fo >> and tonight as the american economy burns, i am happy to report that president barack obama successfully completed his 116th round of golf since taking the oath for office and accomplished that that earlier today vacationing in florida on your dime and do so as we speak, more than 12 million americans are looking for work. there are 47 million families dependent on stood stamps, the national debt is a staggering 16 1/2...
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Feb 22, 2013
02/13
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our children will have to see the disaster of the economy that shrinks as a result of this heavy debt. we are not meeting our responsibility of paying our bills. we are not meeting our responsibility of paying the things that we want to consume and we are moving it on to our children and grandchildren. no generation of americans has ever done it to the extent we are doing it. we should be ashamed of ourselves. >> yesterday white house spokesman jay carney called on republicans to compromise saying quote do not adopt positions that represent my way or the highway approach. >> something to brew on. it is friday it is one of my favorite topics a recap of the week's viral video to see which one you like best. >> up first, remember this a hole in 9 that helped these seniors at the pga golf management program win a full contest. >> the next is a 5th grader who is the star of the high school varsity basketball team taking on players twice the size and coming out on top finally this baby elephant making a flash with tourists having fun in the ocean. and we of course want you to tell us which
our children will have to see the disaster of the economy that shrinks as a result of this heavy debt. we are not meeting our responsibility of paying our bills. we are not meeting our responsibility of paying the things that we want to consume and we are moving it on to our children and grandchildren. no generation of americans has ever done it to the extent we are doing it. we should be ashamed of ourselves. >> yesterday white house spokesman jay carney called on republicans to...